tax debt

Whether your client is running a business or is just an individual trying to make ends meet, there is nothing worse for them than to find they have a tax debt owing to the ATO, which most likely will also be accruing a general interest charge and perhaps even a shortfall interest charge. The

Practitioners with outstanding tax obligations have a small window to smooth the way forward. The Tax Practitioners Board (TPB) has initiated a compliance project targeting tax practitioners — basically calling on its own members to settle all outstanding debt and lodgment obligations. The focus of the TPB strategy is on registered tax and BAS

It was about 1990 when the ATO was asked for the third time in its history about the tax deductibility of interest on a loan a business had taken out to repay a tax debt. According to ATO records, the matter was raised as part of two previous requests for clarification — one made

Whether your client is running a business or is just an individual trying to make ends meet, there is nothing worse for them than to find they have a tax debt owing to the ATO, which most likely will also be accruing a general interest charge and perhaps even a shortfall interest charge. The Australian

The obscure deductibility gem alluded to in this article’s headline is in fact true. It was about 1990 when the ATO was asked about the tax deductibility of interest on a loan a business may have taken out to repay a tax debt. Borrowed money to pay your business tax debt? It was the third